Downpayment / First Time Home Buyer / Insurance / Market Updates / New to Canada / Pre-Approvals / Purchase / Qualifying / Rules

Mortgage Insurance Changes: Downpayment

You may have already heard about the upcoming rule change affecting the minimum downpayment on insured mortgages. I want to break it down so it’s clear how this new change affects your current and future mortgage financing options. Who & What There has been an increase to the minimum downpayment required for properties with a purchase … Continue reading

7 Mortgage mistakes you should avoid in 2016
Credit / Documents / Downpayment / First Time Home Buyer / Lenders / Market Updates / Mortgage Renewal / Pre-Approvals / Purchase / Qualifying / Refinance

7 Mortgage mistakes you should avoid in 2016

With the recent announcement of another mortgage rule change, we have been getting borrower inquiries about how this will affect potential financing options. The new minimum 10% downpayment requirement for properties with a purchase price of over $500,000 will not affect the majority of new borrowers unless you are buying in the higher priced property … Continue reading

Broker vs. Bank / Credit / Documents / Downpayment / First Time Home Buyer / Insurance / Lenders / New to Canada / Pre-Payment / Purchase / Qualifying / Rates & Terms / Refinance / Rental Properties

Mortgage Lender Types

The Lender Alphabet The ABC’s of Mortgage Lenders         I often talk about alternative lenders in my articles so this week I want to discuss the different types of mortgage lenders a borrower may encounter when looking for mortgage financing. I look at the lenders as fitting into the A, B or C category. … Continue reading